Kerry Logistics sets range for up to $284 million IPO

The spin-off from Kerry Properties will be fully covered when it opens today after attracting a lot of interest from international investors. Meanwhile, bankers start investor education for China Everbright Bank.

Kerry Logistics sets range for up to $284 million IPO

Kerry Logistics Networks will start the management roadshow and institutional bookbuilding for its Hong Kong initial public offering on Monday and has set a price range that will allow it to raise between $245 million and $284 million, according to sources.

The logistics service provider is being spun off from Hong Kong-listed Kerry Properties, which is also distributing close to 44% of the company to its existing shareholders free of charge.

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